Countryside Properties PLC (CSP) Downgraded by Barclays PLC

Countryside Properties PLC (LON:CSP) was downgraded by equities researchers at Barclays PLC to an “equal weight” rating in a report released on Thursday, July 13th. They currently have a GBX 359 ($4.68) price target on the stock, up from their previous price target of GBX 353 ($4.60). Barclays PLC’s target price would suggest a potential upside of 4.85% from the stock’s current price.

A number of other brokerages have also recently commented on CSP. Peel Hunt reissued a “buy” rating and issued a GBX 395 ($5.14) price target on shares of Countryside Properties PLC in a research report on Wednesday, June 21st. J P Morgan Chase & Co upped their price objective on Countryside Properties PLC from GBX 305 ($3.97) to GBX 335 ($4.36) and gave the company an “overweight” rating in a research report on Thursday, May 18th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 330 ($4.30) price objective on shares of Countryside Properties PLC in a research report on Tuesday, May 16th. Finally, Numis Securities Ltd reaffirmed a “buy” rating and issued a GBX 346 ($4.51) price objective on shares of Countryside Properties PLC in a research report on Wednesday, April 12th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of GBX 353 ($4.60).

Shares of Countryside Properties PLC (LON CSP) traded up 1.06% during mid-day trading on Thursday, hitting GBX 342.40. The stock had a trading volume of 607,542 shares. Countryside Properties PLC has a 1-year low of GBX 219.93 and a 1-year high of GBX 372.80. The company’s market capitalization is GBX 276.01 million. The stock’s 50-day moving average price is GBX 353.77 and its 200 day moving average price is GBX 287.81.

ILLEGAL ACTIVITY WARNING: “Countryside Properties PLC (CSP) Downgraded by Barclays PLC” was published by Transcript Daily and is owned by of Transcript Daily. If you are viewing this piece on another website, it was copied illegally and republished in violation of United States and international trademark & copyright law. The original version of this piece can be accessed at https://transcriptdaily.com/2017/08/12/countryside-properties-plc-csp-downgraded-by-barclays-plc-updated-updated-updated.html.

About Countryside Properties PLC

Countryside Properties plc (Countryside) is a United Kingdom-based housebuilder and regeneration partner, primarily operating in London and the South East of England, and with a presence in the North West of England. Countryside operates through two divisions: Housebuilding and Partnerships. The Company’s Housebuilding division develops medium to larger-scale sites, providing private housing on private land, primarily around London and in the South East of England.

Analyst Recommendations for Countryside Properties PLC (LON:CSP)

Receive News & Ratings for Countryside Properties PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Countryside Properties PLC and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply